Third Maintenance Term Sample Clauses
The 'Third Maintenance Term' clause defines the specific period during which the third phase of maintenance services will be provided under an agreement. Typically, this clause outlines the start and end dates for the third maintenance term, and may specify the scope of services, payment schedules, or renewal conditions applicable during this period. By clearly delineating the timeframe and obligations for the third maintenance term, the clause ensures both parties understand their responsibilities and helps prevent disputes over service duration or coverage.
Third Maintenance Term. 4.3.1 If TxDOT issues Maintenance NTP2, TxDOT, in its sole and absolute discretion, shall have the option to extend the term of this Capital Maintenance Agreement for an additional term (the “Third Maintenance Term”). The Third Maintenance Term shall commence as of the expiration of the Second Maintenance Term and shall continue for a period of five years, unless terminated earlier in accordance with the terms hereof.
4.3.2 If TxDOT elects to exercise its option right for a Third Maintenance Term, TxDOT shall issue Maintenance NTP3 on or before 90 Days prior to the expiration of the Second Maintenance Term. TxDOT shall not be entitled to exercise the extension option for the Third Maintenance Term if it did not issue Maintenance NTP2. TxDOT shall have no liability to Maintenance Contractor for a failure to issue Maintenance NTP3.
Third Maintenance Term. 4.3.1 TxDOT, in its sole and absolute discretion, shall have the option to extend the term of this Comprehensive Maintenance Agreement for an additional term (the “Third Maintenance Term”); provided that TxDOT shall not be entitled to exercise the extension option for the Third Maintenance Term if it did not issue Maintenance NTP2. The Third Maintenance Term shall commence as of the expiration of the Second Maintenance Term and shall continue for a period of five years, unless terminated earlier in accordance with the terms hereof.
4.3.2 If TxDOT elects to exercise its option right for a Third Maintenance Term, TxDOT shall issue Maintenance NTP3 on or before 90 Days prior to the expiration of the Second Maintenance Term. If TxDOT does not deliver Maintenance NTP3 to Maintenance Contractor by such date, TxDOT shall be deemed to have elected to terminate this Comprehensive Maintenance Agreement, unless the Parties otherwise agree in writing. TxDOT shall have no liability to Maintenance Contractor for a failure to issue Maintenance NTP3.
Third Maintenance Term. 4.3.1 If TxDOT issues Maintenance NTP2, TxDOT, in its sole and absolute discretion, shall have the option to extend the term of this Capital Maintenance Agreement for an additional term (the “Third Maintenance Term”) and may also choose to exercise the ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Bike/Pedestrian Bridges Option for this additional term. The Third Maintenance Term shall commence as of the expiration of the Second Maintenance Term and shall continue for a period of five years, unless terminated earlier in accordance with the terms hereof.
4.3.2 If TxDOT elects to exercise its option right for a Third Maintenance Term, TxDOT shall issue Maintenance NTP3 on or before 90 Days prior to the expiration of the Second Maintenance Term. Upon issuance of Maintenance NTP3, TxDOT shall notify the Maintenance Contractor if it elects to exercise the ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Bike/Pedestrian Bridges Option to include the maintenance of the ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Bike/Pedestrian Bridges in the Maintained Elements for the Third Maintenance Term. TxDOT shall not be entitled to exercise the extension option for the Third Maintenance Term if it did not issue Maintenance NTP2, nor shall TxDOT be entitled to exercise the ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Bike/Pedestrian Bridges Option for the Third Maintenance Term if it did not exercise the ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Bike/Pedestrian Bridges Option with respect to the Second Maintenance Term. TxDOT shall have no liability to Maintenance Contractor for a failure to issue Maintenance NTP3.